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LaSalle launches fifth Asia opportunity fund

by Andrea Waitrovich

LaSalle Investment Management has announced the launch of LaSalle Asia Opportunity Fund V with an expected fundraising target of $750 million and a hard cap of $1 billion.

LaSalle is targeting a first close of $300 million to $400 million in October and currently has a number of executed/pending commitments from existing institutional investors in North America and Europe.

LaSalle Asia Opportunity Fund V aims to take advantage of several growing trends in the Asian market including: solid growth in rents paired with potential capital value appreciation over the near term; varying market cycles which allow investors to diversify risk and return over the hold period; and finally, the rising demand for core assets.

Following the same value-add risk profile as its predecessor fund, LaSalle Asia Opportunity Fund V will seek to take advantage of mispriced assets with opportunities to add value via repositioning and redevelopment.